The State Department has said it cannot cite any instances of its ethics officials reviewing or approving new donations from foreign governments to the foundation while Clinton served as the country's top diplomat from 2009 until 2013, suggesting the foundation may be in breach of its ethics agreement over the not immaterial donation of $1 million from a foreign state.
Deutsche Bank may be forced to shrink its U.S. activities as part of a deal to settle litigation over residential mortgage-backed securities with the Department of Justice, German newspaper Welt am Sonntag reported, in a move that will be sure to delight its US-based competitors.
On August 31, in what was dubbed a "historic event", the World Bank became the first issuer of bonds denominated in SDR and settled in yuan when it sold 500 million SDR units worth of bonds in China. Then, overnight, in yet another historic event, Standard Chartered Bank said it has obtained approval from the PBOC to be the first commercial issuer of bonds denominated in SDRs in China’s interbank bond market.
Deutsche Bank's finance chief told his staff that job cuts at the bank could be double that planned, a step that could remove 10,000 further employees. If 10,000 job losses were ultimately to follow the 9,000 announced by management in October 2015, roughly one in five of the bank's workforce around the globe would be affected.
One day after a slump in Chinese trade sparked a global market selloff on concerns the world's second biggest economy had once again hit a downward inflection point, overnight China surprised once again, this time to the upside when the latest inflationary data printed hotter than expected, sending European and Asian stocks higher and pushing the yen lower after China’s producer price index rose for the first time since March 2012.
The time has come for the US to make a decision: on Friday President Barack Obama and his top foreign policy advisers are expected to meet to consider their military and other options in Syria as Syrian and Russian aircraft continue to pummel Aleppo and other targets.
The polls are being rigged as they were in Britain for BREXIT. But plan B is clearly being put into play already preparing the public for the accusation that should Trump win, the election will be called a fraud because of Russian hackers. Democrats are now warning foreign governments that cyber attacks against the U.S. will be treated like any other,even if it leads to war.
As Filipino President Rodrigo Duterte continues to distance himself from the West, moving instead toward regional powerhouse China, an official from China’s Foreign Ministry said Wednesday that the controversial leader of the Philippines will meet with the Chinese president next week in Beijing.
Overnight, the U.S. military not only did not rebuke the Saudis for a military campaign that has claimed nearly 10,000 innocent civilian lives, but became the latest entrant in the Yemen offensive, when it launched cruise missile strikes on Thursday to knock out three coastal radar sites in areas of Yemen controlled by Iran-aligned Houthi forces targeted by Saudi Arabia.
Remember when two weeks ago the China Beige Book warned that "It’s A Lot More Negative Than People Think" in the world's second biggest economy? Well after months of complacency about the Chinese economy and financial risks emanating from its $35 trillion financial sector, overnight the world got a rude awakening when China export figures tumbled, signalling a deeper slowdown than many anticipated just as the Fed prepares to raise interest rates.
"Americans voting for a president on Nov. 8 must realize that they are voting for peace on Planet Earth if they vote for Trump. But if they vote for Hillary it's war. It will be a short movie. There will be Hiroshimas and Nagasakis everywhere."